Introducing insurance capital into public construction is one of the government's prioritized policies for boosting the economy, indicated Premier Jiang Yi-huah at today's Executive Yuan Council meeting.
Jiang commended the Financial Supervisory Commission (FSC) and the Ministry of Finance (MOF) for setting up a model that will allow life insurance companies to invest in infrastructure projects, expanding participation by the private sector.
Premier Jiang requested the FSC and the MOF to quickly work out complementary measures to ensure smooth implementation of this policy. He also directed other government agencies to design appropriate financial models that will enhance insurers' willingness to join public construction projects.
Insurance capital is also being considered by the Ministry of Health and Welfare (MOHW) as a possible source of funding for the long-term care industry. Aside from engaging insurance companies in a dialogue with social welfare experts, the premier advised, the MOHW can begin by consulting with specialists to plan methods for channeling private capital into the long-term care sector. Third-party experts can also be brought in to assess whether there are better models acceptable to both sides. This approach may be used by other public agencies interested in raising private or insurance capital, Jiang said.
Premier Jiang asked the MOHW and FSC to address the social welfare community's concerns about using capital from insurance companies or other financial institutions. He also requested Minister without Portfolio Feng Yen to help facilitate more constructive dialogue between the two sides.